Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
March 20, 2019
arrowPress Releases

If you enjoy reading this site, you might also want to check out these UBM Tech sites:

Kabam doubled its revenue in 2013, not interested in next-gen

Kabam doubled its revenue in 2013, not interested in next-gen

January 23, 2014 | By Mike Rose

January 23, 2014 | By Mike Rose
More: Social/Online, Smartphone/Tablet, Design, Business/Marketing

If you thought that social games giant Kabam had a great 2012, the company's latest financial results should make for interesting reading.

The free-to-play behemoth this week reported $360 million in revenues for 2013, doubled from 2012's $180 million. The company had previously forecast revenues of $270 million for the full year.

Kabam CEO Kevin Chou noted that most of this revenue was generated from the company's mobile games, although he said that around $100 million on that total revenue came from browser games on Facebook and

The Hobbit: Kingdoms of Middle-earth and Kingdoms of Camelot: Battle for the North were Kabam's top-grossing games of the year, while 11 Kabam games grossed more than $1 million in a month during 2013.

Chou also took a moment to address whether Kabam plans to develop games for next-gen consoles Xbox One and PS4 -- and it would appear the answer is 'probably not.'

"A new generation of consoles was introduced last year and initial sales appeared encouraging," he said. "However, over time, free-to-play mobile gaming revenues will dramatically overtake traditional game sales as more people worldwide download and play games on smartphones and tablets from freemium content companies like Kabam."

Related Jobs

Embodied Inc.
Embodied Inc. — Pasadena, California, United States

Junior Scripter
FoxNExt Games
FoxNExt Games — San Jose, California, United States

Retro Studios - Nintendo
Retro Studios - Nintendo — Austin, Texas, United States

Art Director - RETRO Studios
Nintendo of America Inc.
Nintendo of America Inc. — Austin, Texas, United States

Art Outsourcing Manager (Retro Studios)

Loading Comments

loader image